16) You will buy a new car today. You will borrow the full price of the car. You will get a FIVE year loan that will be paid back annually. It will take you the full FIVE years to pay back the loan. (In other words, you will not pay it off early.) You will pay back the same amount every year (an annuity). The auto dealership offers you 3 choices. 1) Pay $30,000 for the car at 0% interest for the FIVE years. 2) Pay $28,000 for the car at 2% interest (compounded annually) for the FIVE years. 3) Pay $25,000 for the car at 4% interest (compounded annually) for the FIVE years. Which do you pick? A) B) C) #1 #2 #3